What is Bitcy.biz? Is Bitcy Scam or Legit?

What is Bitcy.biz? Is Bitcy Scam or Legit?

Do you want to know about Bitcy.biz? You are looking at the right page. The online bitcoin market is very new and there are many players already working in this market. Among all the players there are some websites which are not genuine. They are operating on Ponzi Pyramid Scheme which is not legal. In this scheme, the company pays to its existing members from the money invested by the new members. Some doubts must rise about Bitcy like, is Bitcy Scam? Or is Bitcy Legit? Or is Bitcy Fake? Or is Bitcy Real? Such questions asked by our readers and they are very genuine also. We should ask as many questions as possible before investing our hard earned money in any kind of Investment Company. In this Bitcy review we are going to resolve the queries of readers. But if you are not concerned about the reasons and want our advice right now, then ‘we do Not Recommend this website’. It is working on Ponzi Pyramid Scheme.

How does Bitcy works?

Let’s first talk about the investment plan of Bitcy. They have 4 investment plans. First plan offer 2.3% interest daily for 15 days on deposit of minimum: 0.005BTC; maximum: 0.250BTC. Second plan offer 2.6% interest daily for 25days on deposit of minimum: 0.2500BTC; maximum: 2.5BTC. Third plan offer 0.13% hourly for 1440 hours on deposit of minimum: 2.5BTC; maximum: 25BTC. The fourth plan offer 7000% after 100 days. The 3rd and 4th plan is for members having ultimate and premium membership respectively. These numbers create a curiosity to invest as soon as possible and that is why many people blindly invest without considering other points discuss below. No company can pay 7000% to anybody if they then they are going to collapse very soon. They will become bankrupt in few days. It means this company has no future. If you invest without taking into consideration of authenticity of the company then you will have to regret in near future.

Affiliate Programs are used to increase traffic and in reward company pay to members. The genuine company pays very low commission on referral but they have 7% commission for all users and 3 level referral programs for representatives. For representatives they are paying 10%, 2% and 1% on every level respectively. Their high returns are enough to make their business model to be unsustainable and their affiliate program is the last nail in the coffin. The company pays to their member initially but later on they stop paying. Later on they shut their website and run away with people money.

The Bitcy provides the name of their CEO Richard Lester on their website. It is good because much company does not provide the information. The question is that the name they had provided is correct or not. The answer is ‘the name is fake’ and the image they have show on their website is also fake. It means they are providing fake information. This makes the credibility of Bitcy Investment Company zero. You cannot trust a company with your hard earned money that cannot even give proper information of their owner or the experts. They also guarded their information in the WHOIS records. They are hiding their information intentionally and it is the common feature among the scam sites or not recommended sites. It is not wise to invest your money in this company.

The company provides the registration from the UK Companies Registration under the company name: BITCY LIMITED and company number: 1092990. But if you read our articles in our not recommend section then one can easily find that ‘all non recommended website has UK Companies Registration’. We research about this common point and got to know that getting a registration from UK Companies is very easy. One has to pay only 20GBP for registering a new company. Their ground to prove themselves a registered company is totally baseless.

Conclusion

We do Not Recommend Bitcy Investment Company due to various reasons stated above. There is emerging of new trend of bitcoin investment recently. Invest your bitcoin or money very wisely because people made a lucrative trap of high returns to loot your bitcoins or money. Do not fall into their profitable claims. Initially they might pay but in long term they will not. It is not at all easy to earn money very easily everything need a hard work. Beware of such high profitable claiming companies. They are no good to anybody.